Cap. 16 Art. 2013Effectsofhypothec when property passes to a third party.

(1) A special hypothec continues to attach to any immovables charged therewith as defined in article 2012(1)(a) and movables charged therewith under sub-article (1)(b) of the said article into whosoever’s possession such immovable or movable may pass.

(2) A general hypothec attaches to the property affected thereby only so long as such property does not pass into the hands of a third party.

(3) For the effects of a hypothec, a debt or an action which has been assigned shall not be deemed to have passed into the hands of a third party so long as the assignee has not collected the debt or obtained the thing forming the subject of the action, except in cases of debts or actions arising from bills of exchange or other documents of title transferable by endorsement or delivery.